AMF Tjanstepension AB Increases Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

AMF Tjanstepension AB boosted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 18.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,791,182 shares of the company’s stock after acquiring an additional 278,864 shares during the period. AMF Tjanstepension AB owned 0.94% of WillScot Mobile Mini worth $83,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bourgeon Capital Management LLC boosted its position in shares of WillScot Mobile Mini by 1,063.6% during the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock valued at $28,000 after acquiring an additional 585 shares during the last quarter. Quarry LP bought a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $38,000. TFO Wealth Partners LLC lifted its position in WillScot Mobile Mini by 6,578.6% during the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after purchasing an additional 921 shares during the last quarter. Principal Securities Inc. purchased a new position in WillScot Mobile Mini in the 4th quarter worth approximately $71,000. Finally, Sage Rock Capital Management LP bought a new position in shares of WillScot Mobile Mini in the 4th quarter worth $80,000. Institutional investors own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

WSC has been the topic of a number of research reports. Oppenheimer reissued an “outperform” rating and set a $53.00 price objective (down from $60.00) on shares of WillScot Mobile Mini in a report on Monday, May 6th. Robert W. Baird reduced their target price on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. Stifel Nicolaus decreased their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, April 4th. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Finally, DA Davidson decreased their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

WillScot Mobile Mini Stock Down 0.8 %

NASDAQ:WSC traded down $0.31 during mid-day trading on Friday, hitting $37.64. 4,223,262 shares of the company’s stock were exchanged, compared to its average volume of 1,963,548. The company has a market cap of $7.16 billion, a PE ratio of 23.23, a P/E/G ratio of 1.09 and a beta of 1.40. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89. WillScot Mobile Mini Holdings Corp. has a one year low of $34.40 and a one year high of $52.16. The business has a fifty day moving average price of $38.85 and a 200 day moving average price of $43.12.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The company had revenue of $587.18 million for the quarter, compared to analysts’ expectations of $579.98 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.85 EPS for the current year.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $38.44 per share, with a total value of $192,200.00. Following the acquisition, the chief executive officer now owns 157,771 shares in the company, valued at $6,064,717.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Profile

WillScot Mobile Mini Holdings Corp. provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.